Arkansas Weekly Gas Price Update and Outlook

Monday

May 20, 2013 at 10:27 AMMay 20, 2013 at 10:28 AM

Arkansas, May 20- Average retail gasoline prices in Arkansas have risen 6.5 cents per gallon in the past week, averaging $3.41/g yesterday, according to GasBuddy's daily survey of 1,826 gas outlets in Arkansas. This compares with the national average that has increased 8.9 cents per gallon in the last week to $3.67/g, according to gasoline price website GasBuddy.com.

Including the change in gas prices in Arkansas during the past week, prices yesterday were 3.3 cents per gallon higher than the same day one year ago and are 14.4 cents per gallon higher than a month ago. The national average has increased 16.6 cents per gallon during the last month and stands 3.0 cents per gallon lower than this day one year ago.
"The last seven days have delivered some shocks at the pump for motorists in the nation's Midwest," said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan. "I don't believe I've ever seen gasoline prices in the Midwest surpass California- areas of Nebraska, Minnesota, Oklahoma, North and South Dakota, and Kansas- have done that. Gas price records in these areas aren't being quietly replaced, they're being blown out of the water. I don't believe I've ever seen such crazy trends in gasoline prices occur all at one- prices spiking in one area, falling in another, and holding steady in others. What we're seeing today is certainly rare," DeHaan said.
About GasBuddy
GasBuddy operates ArkansasGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 25 million times to help motorists find the lowest gasoline prices in their area.